SBM Bank NRO Deposit
Invest your Indian rupee earnings and enjoy attractive returns with SBM NRO Deposit.
Benefits of Investing in SBM Bank
Attractive interest rates with quarterly compounding
Flexible tenure
Interest fully repatriable after payment of taxes
Can be jointly opened by NRIs/PIOs and Resident Indians
High returns
Less risk
NRO FD Rates
For Domestic/ NRO Rate of Interest w.e.f. – 26.06.2020
Fixed Deposits (All Maturities)
Tenor Deposit of NRO FD below Rs. 2 Crore
7-14 days:- 3.50%
15-30 days:- 3.75%
31-45 days:- 4.25%
46-60 days:- 5.50%
61-90 days:- 5.50%
91-120 days:- 5.50%
121-180 days:- 5.50%
181-210 days:- 5.75%
211-269 days:- 5.75%
270 below 1 year:- 6.00%
1 year to 389 days:- 6.50%
390 days to 2 years:- 6.50%
2 years up to 3 years:- 7.50%
3 years up to 5 years:- 6.50%
5 years up to 10 years:- 6.50%
Fixed Deposits (All Maturities) Tenor Deposit:- 2 Crore up to 5 Crore
7-14 days:- 3.50%
15-30 days:- 3.75%
31-45 days:- 4.25%
46-60 days:- 5.50%
61-90 days:- 5.50%
91-120 days:- 5.50%
121-180 days:- 5.50%
181-210 days:- 5.75%
211-269 days:- 5.75%
270 below 1 year:- 6.00%
1 year to 389 days:- 6.50%
390 days to 2 years:- 6.50%
> 2 years up to 3 years:- 6.75%
> 3 years up to 5 years:- 6.50%
> 5 years up to 10 years:- 6.50%
NOTES: 0.5% additional benefit for senior citizens (only applicable for deposits for Resident Indians).
Disclaimer: Above rates are subject to change without prior notice. Depositors may please confirm the rate with respective branches before the investment.
NRO FD is best suited for people wanting to settle in India.
https://www.sbmbank.co.in/global_indian_programme/deposits.php
